‘Brahmastra’ resulted in PV, Inox losing Rs 800 Cr ?

Soon after ‘Brahmastra’ was released in theatres on September 9 on more than 8000 screens worldwide, a business report said that the theater chains PVR and Inox cumulatively lost over Rs 800 Cr in market capitalization after the Ranbir Kapoor-starrer received mixed reviews.

However, PVR Pictures CEO Kamal Gianchandani has described the reports as false. “It amazes me, the false and negative info about the film on the internet and in the media. Is it a lack of understanding or is it intentionally designed to cast doubts? Just so that we don’t miss crucial FACTS, I can now confirm that PVR Cinemas did Rs 8.18 Cr Net BO (on Day 1),” he tweeted, adding that this is more than what ‘Sooryavanshi’ did and almost equal to ‘RRR’.

“The simple takeaway is that the paying audiences are enjoying the film and spreading a positive word about it. PVR is having a fabulous weekend which is so encouraging given the massive lineup of films over the next 3 months!,” he added. 

It is not clear why the CEO hasn’t said anything specific about the reported Rs 800 Cr loss.